SPOTIFY TECHNOLOGY SA (SPOT)
LU1778762911 - Common Stock
Overall SPOT gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SPOT has a been trading in the 444.17 - 506.47 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that SPOT is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by SPOT over the past year are nicely spread over this period.
SPOT is one of the better performing stocks in the Entertainment industry, it outperforms 95% of 72 stocks in the same industry.
SPOT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SPOT is performing more or less in line with the market.
SPOT has an average volume of 2759590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SPOT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
373.21
483.33
We found 4 important support areas.
- Support @448.64 from a horizontal line in the daily time frame.
- Support @421.97 from a trend line in the daily time frame.
- Support @402.12 from a trend line in the daily time frame.
- Support @376.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 471.74 to 478.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.43
Mansfield3.26
10 Day High497
10 Day Low444.17
20 Day High506.47
20 Day Low444.17
52 Week High506.47
52 Week Low185.37
Performance
1 Week-4.64%
2 Weeks-7.57%
1 Month-2.09%
3 Month26.21%
6 Month45.05%
12 Month143.09%
2 Year483.76%
3 Year96.93%
5 Year208.18%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-6.87
RSI(14)49.27
LBB447.95
UBB509.94
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 478.55 | 448.63 | 29.92 (6.25%) | 15.99% |
| An entry @478.55. This is a Buy Stop order right above the resistance zone. | An exit @448.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 29.92 points, which is 6.25%. | When investing 15.99% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SPOTIFY TECHNOLOGY SA
NYSE:SPOT (12/20/2024, 8:04:00 PM)
Premarket: 461 +0.12 (+0.03%)460.88
+6.72 (+1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.48%
1 Week-4.64%
2 Weeks-7.57%
1 Month-2.09%
3 Month26.21%
6 Month45.05%
12 Month143.09%
2 Year483.76%
3 Year96.93%
5 Year208.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)16.41
ATR(20)%3.18%
ATR Inc6.94%
Range Today20.29
ADR(20)14.1
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.43
Mansfield3.26
10 Day High497
10 Day Low444.17
20 Day High506.47
20 Day Low444.17
52 Week High506.47
52 Week Low185.37
CS1 End448.64
CR1 Start471.74
Volume & EV
DER(3)0.97%
DER(5)2.09%
Volume1.83M
Volume Incr-40.99%
Vol(5)2.08M
Vol(50)2.76M